Supply And Demand Trivia Quiz
5 Questions
| Total Attempts: 1185
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To test the knowledge of students on the topic of supply and demand.
Questions and Answers
- 1.Price is the determining factor of both suppy and demand?
- A.
True
- B.
False
- 2.The law of supply clearly states that
- A.
The more people want the more supplied
- B.
The lower the price level the more produced
- C.
The higher the price level the more produced
- D.
What is supplied is all that is available
- 3.The demand curve has a slope.
- 4.Demand
- A.
Is the amount supplied
- B.
The quantity desired by the people at a certain price level
- C.
Is what people what at a certain time
- 5.The law of demand states that at a higher price people will demand wil be demanded.
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